Prestige Brand Holdings Inc (PBH)

Operating profit margin

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Operating income	US$ in thousands	342,429	-22,415	329,919	297,402	291,155
Revenue	US$ in thousands	1,125,360	1,127,720	1,086,810	943,365	963,010
Operating profit margin		30.43%	-1.99%	30.36%	31.53%	30.23%

March 31, 2024 calculation

Operating profit margin = Operating income ÷ Revenue
= $342,429K ÷ $1,125,360K
= 30.43%

Prestige Brand Holdings Inc's operating profit margin has shown fluctuations over the past five years. In fiscal year 2020, the operating profit margin stood at 30.23%, maintaining a relatively stable level. This was followed by a slight decrease to 31.53% in fiscal year 2021, indicating a temporary increase in profitability. However, in fiscal year 2022, the operating profit margin significantly dropped to -1.99%, suggesting a sharp decline in profitability or potentially even operating losses during that period.

The company managed to rebound in fiscal year 2023, achieving an operating profit margin of 30.36%, essentially returning to the level observed in fiscal year 2020. Subsequently, in fiscal year 2024, the operating profit margin further improved to 30.43%, indicating a slight increase in profitability compared to the previous year.

Overall, while there have been fluctuations in Prestige Brand Holdings Inc's operating profit margin over the years, the company has demonstrated the ability to adapt and recover from periods of lower profitability, ultimately returning to a stable operating profit margin level.